While it seems that Ukraine is going towards a pacific solution (well, so says the media…the reality is a bit different…but the censorship is doing a great job – currently the Ukraine army is bombing the town of Slavyansk with civil casualties, including children ), the new cold war is proceeding building up ( during the weekend 3 B52 and 2 B2 Stealth Bomber – all with nuclear capacity- have been moved to the UK).
The financial war is already started. The US is targeting every Russian asset via a Special Division of the US Treasury and the Strategic Study Institute (SSI) of the US Army and creating special issues (Eg denying insurance to cargo ships, economic sanctions, limits on VISA/MAstercard)
Russia is pushing ahead with the de-dollarisation of its economy. A Russian Bank, VTB, has already signed an agreement with the Bank of China to pay each otehr in Yuan and Roubles, Gazprom signalled its intention to switch 9 out of 10 transaction to alternative currencies (Yuan, Rouble, Euro). There are talks about settling the dealing with Japan in Yen and HSBC, Deutsche Bank signalled numerous request from large Russian Corporation to set up accounts in Asian currency, mostly Yuan.
investorpolitico 